What is the official ID of this bill?

The official print number for this legislation is S 2266.

When did the legislative process begin?

The process officially started on 2021-06-24.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/117/bills/s2266/BILLS-117s2266is.htm

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

Who is the primary sponsor?

The primary sponsor is Sen. Cardin, Benjamin L. [D-MD].

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Analysis and Potential Impact of S 2266

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

Increased Tax Credits for Historic Building Renovations

Q: What are the main provisions?

Key points include: Increases the tax credit from 20% to 30% for small renovation projects (up to $3.75 million in costs), with a maximum credit of $750,000. Expands the types of buildings eligible for the credit, opening up more opportunities for historic property restoration. Simplifies the rules for the credit by eliminating certain complex calculations related to property value.

This act modifies tax credits for individuals and businesses renovating historic buildings. It increases the credit for smaller renovation projects and expands the types of buildings eligible for the credit. The goal is to encourage the restoration of historic properties, potentially impacting urban aesthetics and local tourism.

Key points

Increases the tax credit from 20% to 30% for small renovation projects (up to $3.75 million in costs), with a maximum credit of $750,000.

Expands the types of buildings eligible for the credit, opening up more opportunities for historic property restoration.

Simplifies the rules for the credit by eliminating certain complex calculations related to property value.

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Expired

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Additional Information

Historic Tax Credit Growth and Opportunity Act of 2021

Print number: S 2266

Sponsor: Sen. Cardin, Benjamin L. [D-MD]

Process start date: 2021-06-24

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Summarized by: gemini-2.5-flash-preview-05-20

Source data: api.congress.gov

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Increased Tax Credits for Historic Building Renovations

Key Questions about Increased Tax Credits for Historic Building Renovations